Sat, 17 January
-1.9 C
Yerevan
USD: 379.99 RUB: 4.88 EUR: 441.32 GEL: 141.01 GBP: 509.41

Acba Bank presented its AI achievements at AI Conf conference

YEREVAN, October 14. /ARKA/. The largest AI conference AI Conf was held in Armenia in partnership with Acba Bank, during which the industry representatives discussed a set of issues related to the introduction of artificial intelligence in financial-banking, business and education, the bank’s press service reports.

Acba Bank’s AI and machine learning specialist Mher Movsisyan was one of the speakers at the conference organized by Krisp. He presented solutions to various problems in the bank using machine learning and artificial intelligence.

“With the introduction of the document automation project, tens of thousands of documents are now processed automatically. We have automated many processes and now perform them in a shorter period of time, for example, assessing a person’s creditworthiness,” Movsisyan said.

“We cannot but be close to such an event, which essentially unites the AI community of Armenia, people who in one format or another are involved in the application and development of artificial intelligence tools. We attach importance to uniting this community both in terms of sharing ideas and raising awareness. This may inspire many young people to get involved in data science because we have very few specialists in artificial intelligence, and perhaps this is one of the biggest challenges in this field,” said Tigran Simonyan, Deputy CEO for Platform and Technology Development at Acba Bank.

Acba Bank’s customers will also soon have access to a voice assistant integrated with artificial intelligence and designed to respond faster to their queries.

The bank is controlled by the Central Bank of Armenia. -0-

spot_img

POPULAR

Market capitalization increased by 6.29% in December to approximately 467 billion drams – Armenia Stock Exchange

 Armenia Stock Exchange (AMX) has summarized the trading activity for December 2025. During the month, a dynamic trading environment has been maintained, highlighting growing investor confidence and market activity.

Ministry of Finance has identified cases in which the 2% cashback will not be awarded for payments made with ArCa cards

The Armenian Ministry of Finance has clarified which non-cash transactions made with ArCa payment system cards will not be eligible for cashback.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro and U.S. dollar decline against Armenian dram

The average market exchange rate for the US dollar to the Armenian dram on the Armenian foreign exchange market as of January 9, 2026, fell by 0.18 points compared to January 8, to 381.21 drams.

LATEST NEWS

spot_imgspot_imgspot_img